RKLB
Rocket Lab USA, Inc.
RKLB offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
VLTO
Veralto Corporation
VLTO has the edge over RKLB overall, supported by lower modeled downside.
RKLB Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
RKLB's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
VLTO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Healthy |
VLTO's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
VLTO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $97.89 | -17% |
| Forward | 25x | $117 | — |
| Fair | 28x | $115 | -2.4% |
| Current | 29x | $117 | — |
| Expensive | 32x | $128 | +8.6% |
Historical ranges are pointers, not guarantees.
VLTO's PE is in its fair range at 29x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RKLB's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
VLTO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for VLTO, with profitability improving.
RKLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.36 | +$0.03 |
| Q2 2026 | -$0.27 | +$0.19 |
| Q1 2026 | -$0.32 | +$0.09 |
| Q4 2025 | -$0.37 | +$0.01 |
| Q3 2025 | -$0.39 | -$0.02 |
| Q2 2025 | -$0.46 | -$0.11 |
| Q1 2025 | -$0.41 | -$0.04 |
| Q4 2024 | -$0.38 | $0.00 |
RKLB is still losing money, but less than at its worst: $0.36 per share over the past year, against $0.46 at its worst in mid-2025.
VLTO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.75 | +17% |
| Q3 2026 | $4.05 | +11% |
| Q2 2026 | $3.97 | +11% |
| Q1 2026 | $3.88 | +11% |
| Q4 2025 | $3.76 | +13% |
| Q3 2025 | $3.65 | +13% |
| Q2 2025 | $3.58 | +12% |
| Q1 2025 | $3.50 | +8.4% |
| Q4 2024 | $3.34 | -1.8% |
VLTO has the edge over RKLB on earnings quality, reporting a profit while its opponent remains loss making.
RKLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $267.8M | +73% |
| Q2 2026 | $234.1M | +62% |
| Q1 2026 | $200.3M | +63% |
| Q4 2025 | $179.7M | +36% |
| Q3 2025 | $155.1M | +48% |
| Q2 2025 | $144.5M | +36% |
| Q1 2025 | $122.6M | +32% |
| Q4 2024 | $132.4M | +121% |
RKLB has the edge over VLTO on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -30% | +8.5 points |
| Q2 2026 | -25% | +17 points |
| Q1 2026 | -28% | +20 points |
| Q4 2025 | -28% | +11 points |
| Q3 2025 | -38% | +12 points |
| Q2 2025 | -41% | -0.5 points |
| Q1 2025 | -48% | -1.9 points |
| Q4 2024 | -39% | +41 points |
RKLB's operating margin was −30% last quarter, up 8.5 points from the same quarter a year ago.
VLTO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +7.5% |
| Q2 2026 | $1.5B | +7.5% |
| Q1 2026 | $1.4B | +6.8% |
| Q4 2025 | $1.4B | +3.8% |
| Q3 2025 | $1.4B | +6.8% |
| Q2 2025 | $1.4B | +6.4% |
| Q1 2025 | $1.3B | +6.9% |
| Q4 2024 | $1.3B | +4.4% |
VLTO's revenue has grown year over year every quarter since early 2023: $1.5B last quarter, up 7.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -3.5 points |
| Q2 2026 | 21% | -1.5 points |
| Q1 2026 | 24% | -0.4 points |
| Q4 2025 | 23% | -0.3 points |
| Q3 2025 | 23% | -0.2 points |
| Q2 2025 | 23% | -0.4 points |
| Q1 2025 | 24% | +0.7 points |
| Q4 2024 | 23% | +0.7 points |
VLTO has the edge over RKLB on profitability, with a higher operating margin.
RKLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$23.9M | +$45.5M |
| Q2 2026 | -$110.1M | -$54.8M |
| Q1 2026 | -$77.4M | +$5.5M |
| Q4 2025 | -$114.2M | -$90.2M |
| Q3 2025 | -$69.4M | -$27.5M |
| Q2 2025 | -$55.3M | -$26.9M |
| Q1 2025 | -$82.9M | -$61.1M |
| Q4 2024 | -$23.9M | +$28.7M |
RKLB has burned cash in almost every quarter: −$326M over the past year, against −$232M the year before.
VLTO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $304M | +18% |
| Q2 2026 | $328M | +1.5% |
| Q1 2026 | $170M | +20% |
| Q4 2025 | $291M | +11% |
| Q3 2025 | $258M | +20% |
| Q2 2025 | $323M | +35% |
| Q1 2025 | $142M | +39% |
| Q4 2024 | $263M | +9.1% |
VLTO has the edge over RKLB on cash generation, producing positive trailing cash flow while its opponent burns cash.
RKLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +22.6M shares |
| 1 year | +23% | +124M shares |
| 3 years | +35% | +168M shares |
| 5 years | +46% | +204M shares |
RKLB has 652M diluted shares, up 23% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
VLTO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -500K shares |
| 1 year | -2.1% | -5.3M shares |
| 3 years | -0.4% | -1M shares |
VLTO has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $89M |
| Q2 2026 | $134M |
| Q1 2026 | $300M |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | $325M |
| Q3 2022 | $214M |
| Q2 2022 | — |
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
VLTO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.8x | Very low |
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.8x | Very low |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 1.2x | Healthy |
VLTO's net debt is less than a year of its operating earnings (EBITDA).
RKLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.8 | Neutral |
| Stochastic | 27.6 | Neutral |
RKLB's weekly RSI is 47 (neutral) and its Stochastic is 28 (neutral).
VLTO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 76.2 | Overbought |
| Stochastic | 88.8 | Overbought |
VLTO's weekly RSI is 76 (overbought) and its Stochastic is 89 (overbought).
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
VLTO PE vs Industrials Sector
| Metric | VLTO | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 24x | 21% above |
| PE % | 56 | 53 | 3 pts above |
VLTO is trading at 29x earnings, a 21% premium to the Industrials sector's median of 24x.
RKLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.4 | 4.3% above |
| 20 week MA | $68.1 | 5.9% below |
| 50 week MA | $77.6 | 17% below |
| 100 week MA | $56.5 | 13% above |
| 200 week MA | $31.4 | 104% above |
VLTO has stronger trend alignment. RKLB is above 3 of 5 weekly averages versus VLTO above 4 of 4.
VLTO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $105.0 | 12% above |
| 20 week MA | $99.2 | 18% above |
| 50 week MA | $95.0 | 24% above |
| 100 week MA | $97.9 | 20% above |
VLTO is in an uptrend: it's above all four of its weekly moving averages, and 20% above its 100-week average.
RKLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.82 | $10.3 | +4.9% |
| 2021 | $10.3 | $12.0 | +17% |
| 2022 | $12.0 | $3.77 | -69% |
| 2023 | $3.77 | $5.53 | +47% |
| 2024 | $5.53 | $27.2 | +392% |
| 2025 | $27.2 | $70.7 | +160% |
| 2026 YTD | $70.7 | $64.1 | -9.3% |
RKLB's yearly returns have swung widely, from +392% in 2024 to −69% in 2022. It's down 9.3% so far in 2026.
VLTO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $84.6 | $82.3 | -2.7% |
| 2024 | $82.3 | $103.1 | +25% |
| 2025 | $103.1 | $101.8 | -1.3% |
| 2026 YTD | $101.8 | $117.5 | +15% |
VLTO has the edge over RKLB on returns for 2026, with the stronger performance.